25 Sep 2019 15:50
PJSC LSR Group (LSRG) PJSC LSR Group: LSR Group makes the twelfth coupon payment on its Series 001P-01 bonds 25-Sep-2019 / 16:50 CET/CEST Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
LSR Group makes the twelfth coupon payment on its Series 001P-01 bonds
St. Petersburg, Russia - 25 September 2019 - PJSC LSR Group ("LSR" or the "Company") (LSE: LSRG; MOEX: LSRG), one of the leading real estate developers and building materials producers in Russia, today announces that it has fully paid the twelfth coupon on its non-convertible interest-bearing certified exchange-traded Series 001P-01 bonds. A payment of RUB 134,000,000 has been made to the bearer with the obligatory centralized custody, placed under the programme of the exchange-traded bonds with the identification number 4B02-01-55234-E-001P as of 22 September 2016 (ISIN RU000A0JWU98). The twelfth coupon interest rate was set at 10.75% per annum and amounted to RUB 26.80 per one bond.
In addition, LSR redeemed part of the nominal value of the exchange-traded Series 001P-01 bonds in the amount of RUB 1,000,000,000 ahead of schedule. The early redemption was exercised for the 20% of the nominal value of one bond, which amounted to RUB 200 per bond.
5,000,000 bonds were placed as part of the bond issue on 28 September 2016, with a maturity of 1,820 days, divided into 20 coupon payment periods. The nominal value of one exchange-traded bond is RUB 1,000.
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About LSR Group: PJSC LSR Group is one of Russia's leading residential real estate developers and building materials producers. Founded in 1993, the business of LSR Group is concentrated in the five largest regions of Russia - Moscow, St. Petersburg, Yekaterinburg, the Leningrad and Moscow regions. The main business areas of the Company are real estate development and construction and production of building materials. LSR Group carries out projects in all segments of residential real estate market: mass market, business and elite.
In accordance with its audited IFRS consolidated financial statements for 2018, LSR Group had revenue of RUB146.4 billion, Adjusted EBITDA of RUB36.4 billion and Net Profit of RUB16.2 billion. As of 31 December 2018 (according to Knight Frank), the net sellable area of projects in LSR Group's real estate portfolio amounted to 7.8 million m2 with a market value of RUB186 billion.
Ordinary shares of the Company are traded on the Moscow Exchange (MOEX: LSRG) and GDRs representing its ordinary shares are traded on the London Stock Exchange (LSE: LSRG).
www.lsrgroup.ru
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| ISIN: | US50218G2066 |
| Category Code: | MSCL |
| TIDM: | LSRG |
| LEI Code: | 25340067LEEMJ79K8X43 |
| OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
| Sequence No.: | 21294 |
| EQS News ID: | 879935 |
| End of Announcement | EQS News Service |
UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.